Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1887-10-29


A convention of American bank
ers has just concluded its session at
Pittsburg. 1t adopted the report on
silver, which, 50 far as we are able to
see, is another one Of those GOV vert
stabs at the silver dollar which most
of capitalists have been making ever
since the passage of silver coinage
bill. The report of the committee
on silver says: "The American
Bankers Association has always
taken the ground that both silver
and gold are required as the money
of the world" ESQ far so good; and
then it continues in the following
extraordinary style) "but that an in
ternatlOnal agreement on the part #
a majority Of the chef commercial
nations of the world can practically
settle the relative value of gold and
silver when coined. Though several
international conferences have herto-
fore been held, no conclusion has
been reached" The report refers to
the action taken by foreign powers
and concludes with the recommends
ton that the coinage of silver dollars
by the United States under the act OF
Congress of February 1887, be sus-
pended until the points at issue Of the
silver question be settled by inter
national agreement
We would call the attention OF
every taxpayer to the Trojan horse
concealed in this last recommends
ton. Who authorized the inler-
national congress to meddle with,
much less to settle, the relative value
of the gold and silver dollar? The
act of Congress makes it a legal ten
der, and the people have a right to
pay Off the bonded Indebtedness OF
the government with this same sill.
yer dollar. To require q larger
amount of silver to be put in it, to
bring it up tosthe fictitious value OF
that pet OF Bankers, gold, will be, in
effect, a clandestine steal of several
millions of dollars from the already
overburdened and war-tax ridden
and toiling millions of the people.
Why should the dollar of the fathers
be still further degraded in public es
timation?- Why should the bankers
maker war upon the silver dollar
Since the commencement of its coin
age the national debt has been rapid
ly diminished, and period of un-
precedented growth and prosperity
has been inaugurated. Whenever
the people of the United States sur
render their legal right to pay their
debts In the legal tender silver dollar,
they commit an act of political sui
eide, and commercial hdri-cdri, and
add untold millions to the enormous
burdens of the people. Here is an
insidious attempt to accomplish, by
an international congress- what
they dare not ask the congress of the
United States to do. For if they
were to get Congress to suspend the
coinage of the legal tender silver dol
lar, and then, on top of that, ask that
over III per cent more silver be puf-
chased with the surplus money to
put into the silver dollar, there
would be war whoop raised that
would scare the politicians worse
than Colerow's slogan. The people
of the United States are able to take
care of their own financial concerns,
without the Intervention of an inter
national financial jury organized ex.
pressly to convict the silver dollar
The bankers do not hesitate to avail
themselves of every advantage
brought to them by the vicissitude O
trade and fluctuations in values, anc
turn about is fair play; the people
should have the same right.